More firms bid to join property educators industry body

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Two more companies are on their way to becoming members of The Property Educators Accreditation Scheme (PEAS).

David Goodfellow from iKonic Training Academy Ltd and Hayley Andrews from Your Freedom Empire have completed the first stage of the process to join the industry group and are now in their six-month probation period. PEAS aims to help property investors identify credible property educators, create greater transparency and increase protection for those accessing property education.

Genuine applicants

All members go through a rigorous six-month long process that is likely to deter less genuine applicants. Verified individuals who have bought products or services from applicant members can now comment on live applications during the probation period. Click here to view all live applications. During their probation period, anyone can submit objections or messages in support of their application and will need to provide conclusive evidence that supports their objection along with verifiable identification.

The three membership levels are: associate – which does not require the applicant to own property or have previously invested in property but they need at least two years of relevant property education experience; member – at least two years of relevant property education experience and two years of property investment experience in the main education area they want to be accredited for; and fellow – at least seven years of relevant property education experience and more than 10 years of property investment experience in the main education area.

Launched last September, its founder members are John Howard, Mark Lloyd of Property Master Academy, Ranjan Bhattacharya of Succeed in Property and property consultant David Temple.

Click here to view fully accredited members of PEAS

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Government to finally tackle standards in social housing

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Minister for Rough Sleeping and Housing, Eddie Hughes, confirms Social housing residents will be better protected as part of a review to ensure they are listened to.

The review on qualifications and professional training will drive up standards by making sure social housing staff are better equipped to support tenants

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Gove told neglected landlords need his support in cladding-hit blocks

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The National Residential Landlords Association (NRLA) has urged Michael Gove not to ignore landlords affected by the cladding scandal.

Last week, the Secretary of State for Levelling Up, Housing & Communities revealed that landlords would not be included in the cladding remediation fund initiative; instead, funding will be targeted initially at owner-occupiers and that ‘negotiations…will explore whether this support should extend to other leaseholders such as landlords’.

Clarification needed

The NRLA has written to demand clarification as it believes that individual leaseholder landlords – particularly those renting out single apartments in blocks of flats – and owner occupiers should be treated equally. Chief executive Ben Beadle says it is concerned as to why the government is so reluctant to commit to landlords, who are leaseholders, receiving the same support as owner-occupiers. “Both groups have faced the same problems, and both should be treated equally,” says Beadle. “We are calling on the government to rectify this problem as a matter of urgency.”

In the letter, he writes that it would be unnecessarily complicated to single out individual landlords as many, if not most, of those affected will be in mixed use buildings and will have had no involvement with the developer, which could slow down remedial action against dangerous cladding. Adds Beadle: “We question also how this situation would be fair to accidental landlords who were forced to rent out their properties because they could not sell due to cladding uncertainties.”

Survey findings

According to yet to be published polling by YouGov for the NRLA, 45% of private landlords rent out just one property while other research has shown that 70% of landlords are basic rate income taxpayers.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Gove told neglected landlords need his support in cladding-hit blocks | LandlordZONE.

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Landlords not included in cladding remuneration?

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This came into my inbox: Housing secretary Michael Gove has revealed that landlords will not be included in the cladding remediation fund initiative for affected residential tower leaseholders announced this week.

A hint of this was given in the original announcement that the £4 billion ‘fund’ to remediate cladding on towers under 18.5m but over 11m tall would be for ‘leaseholders living in their own flat’.

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Find Below Market Value Property Deals In 2022

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How to find below market value property deals in 2022, and this is not a video about finding motivated sellers, so stay tuned.

In this video, I’ll be sharing my top property investing tips on how you can use potential value to uplift defunct commercial property.

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Welsh landlords get details on upcoming PRS shake-up

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The Welsh government has provided more details of its sweeping new renting reforms which aim to simplify the sector. 

Renting Homes means tenants – contract-holders – will soon have improved succession rights, setting out who has a right to continue to live in a property after the current tenant dies, and it will also be easier to add or remove people to the contract.

Electrical testing

Landlords will have a strengthened obligation to ensure that properties are fit for human habitation, including electrical safety testing and ensuring working smoke alarms and carbon monoxide detectors are fitted. Landlords will have to provide contract holders with a written copy of the contract, setting out the rights and responsibilities of both parties. For new rentals, the written statement must be issued within 14 days of occupation under the contract, while existing tenancy agreements will convert to the relevant occupation contract on the day of implementation. Landlords have a maximum of six months to issue a written statement of the converted occupation contract. 

Minimum security

Landlord break clauses will only be able to be incorporated into a fixed term occupation contract if it has a fixed term of two years or more; they won’t be able to exercise a break clause within the first 18 months of occupation. Meanwhile, the no fault notice period will remain at six months, meaning that all contract-holders will have a minimum 12 months of security at the start of their tenancy. If a landlord issues a no fault possession notice in response to a request for repair, the court can refuse to make a possession order and they won’t be able to issue a similar notice for another six months. Landlords will also need to be registered and licensed by Rent Smart Wales to give notice.

Climate Change Minister Julie James says these changes replace various, complex pieces of existing legislation and case law with one clear legal framework. She adds: “When in place, contract-holders in Wales will have greater security of tenure than in any other part of the UK.”

The Welsh Government has launched a national awareness campaign to tell landlords and tenants about the changes which take place on 15th July.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Welsh landlords get details on upcoming PRS shake-up | LandlordZONE.

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Landlords told to expect clampdown on unfair rent rises

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Landlords will not be able to include clauses to hike up rents just before tenancy agreements are due to expire, as part of a government pledge to address renter insecurity in its upcoming White Paper.

During a Commons debate, Housing Minister Eddie Hughes said while it was for landlords and tenants to agree the amount of rent that should be charged at the outset of a tenancy, it was keen to avoid any unintended negative consequences related to abolishing Section 21, including the use of a mechanism to force tenants out. However, Hughes would not be pushed on the timetable for introducing the Renters Reform Bill which was delayed last year. Labour’s Catherine West MP said there was a huge power imbalance between private landlords and their tenants, which was upheld by existing housing legislation, and urged the government to end Section 21 notices.

Sector consultation

Hughes confirmed the Bill would be published later this year but said it was important to consult widely with people from across the sector to ensure it got it right. “Hearing and listening to these views would not only ensure that the White Paper and future legislation actually address the challenges that exist, but help to create a system that works for everyone.”

He stressed he was committed to rebalancing the relationship between tenants and landlords to deliver a fairer, more secure and more desirable private rented sector. “We get it: we understand the challenges that exist in the sector, and we are open to dealing with them. That is why it is so important that we continue to drive through our reforms to ensure that we deliver on our aims.” Added Hughes: “We are aware that we need the support of the entire private rented sector if we are to achieve these goals.”

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Osbourne’s private landlords mortgage interest trap, but?

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Osbourne’s private landlords mortgage interest trap, but what if there is a way of changing this by releasing equity to purchase holiday or commercial property?

I have three private buy to let properties, that push me into the 40% tax band every year.

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Major works gone bad – Decisions?

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Following a couple of years of ‘major works’ costing so far £1m in a block – it has as expected by the leaseholders gone very badly wrong! Covid didn’t help, but the major issue was with the works to the 1930’s critical windows.

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Commercial Tenancies – What can be charged?

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I have a tenant who wants to retire from his business, and he has an employee who wants to purchase the business/goodwill and goods and take over the lease. It has been established the lease cannot be assigned, so I have agreed in principle that I will accept a new lease with the proposed new tenant.

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